Real Estate Act

Part 5 - Alberta Real Estate Foundation

Section 72 - Winding-up

In the event of the winding-up of the Foundation, the property of the Foundation must be used

  (a) first in the payment of any costs incurred in the winding-up of the Foundation,
  (b) second in the discharge of all liabilities of the Foundation, and
  (c) third to give effect, as far as possible, to any outstanding applicable trust conditions,
  and the balance, if any, must be disposed of in accordance with the regulations.

1995 cR-4.5 s71


Continue with Part 5 Section 72.1 - Limitation of Liability

Back to Table of Contents - Real Estate Act